https://www.taxtmi.com/caselaws?id=370170 A first appellate authority's wide powers under section 251 of the Income-tax Act do not extend to introducing a new and independent source of income not covered in the original assessment. The distinction between correcting issues arising from the assessed transaction and creating a separate income source was applied here: the cash deposits in the assessee's personal bank account were treated as part of the same matter already assessed, not as a distinct source. On that basis, the addition sustained by the Commissioner (Appeals) was confirmed and the assessee's challenge failed. en-us Fri, 09 Nov 2018 00:00:00 +0530 Mon, 12 Nov 2018 07:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370170 A first appellate authority's wide powers under section 251 of the Income-tax Act do not extend to introducing a new and independent source of income not covered in the original assessment. The distinction between correcting issues arising from the assessed transaction and creating a separate income source was applied here: the cash deposits in the assessee's personal bank account were treated as part of the same matter already assessed, not as a distinct source. On that basis, the addition sustained by the Commissioner (Appeals) was confirmed and the assessee's challenge failed. Case-Laws Income Tax Fri, 09 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370170